Infrastructure fund extended for five years

Original article by Phillip Coorey
The Australian Financial Review – Page: 5 : 17-Jul-20

The Northern Australia Infrastructure Facility was due to expire on 30 June 2021. However, the federal government has advised it will now run until 30 June 2026 to assist with Australia’s economic recovery. Established to provide low-cost loans for infrastructure projects across the Northern Territory, Western Australia and northern Queensland, the NAIF was originally worth $5 billion. To date 19 projects have been approved for a total of $2 billion in loans, but only $130 million has been spent so far.

CORPORATES
NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY

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